Craig-Hallum downgraded Boot Barn (BOOT) to Hold from Buy with a price target of $162, up from $154. The stock has rallied over 40% since the company’s “impressive” Q1 results in August, notes the analyst, who expects another beat and raise when the company reports Q2 results on October 28, but sees the setup as a “potential sell-the-news event.”
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Read More on BOOT:
- Boot Barn price target raised to $195 from $178 at Seaport Research
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